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Topic	Cryptocurrency Discussion Topic
TheMikh 06/18/21 7:24:20 PM #20:	Giblet_Enjoyer posted... This is only impressive when you forget that the value of said crypto tends to crash at a moment's notice. Getting 10% more Buttfuckermoonrocketcoin each year doesn't really do you much good when its value drops 92% in the same period of time. ** coins aren't defi. defi are financial services running by way of smart contracts on the blockchain. the most popular example would be liquidity pooling. developed as an alternative to the order book, an exchange has liquidity pools with pairs of assets that are being traded (e.g., bitcoin and ethereum), the supply of which is contributed by users. when trades occur, a small commission (~0.3% with the largest decentralized exchanges) is charged and redistributed to the contributors to the pool proportional to their share, basically permitting users to earn interest on the pairs they have exposure to. as a rule, less stable pairs (e.g., ethereum with dollar-pegged coins) offer higher risk and higher interest; more stable pairs (two dollar-pegged coins) offer lower risk and lower interest. furthermore, some exchanges also offer liquidity mining / yield on top of that, where they earn the native token (e.g., bancor, sushi) of the exchange on top of the aforementioned commission, which offers both additional interest, partial insurance against impermanent losses that may be incurred as a result of excessive price divergence in the pool, and voting rights with respect to how the exchange is run. there are also services that optimize and automate the management of these pooled assets, particularly with respect to price range management to optimize capital efficiency, and offer their own payouts to clients in return. there are also lending services accepting crypto as collateral and offering dollar-pegged coin loans at varying interest rates, or allowing users to lend out their crypto and earn interest on it. there are also services - again, all from smart contracts on the blockchain - offering insurance policies for funds. in short, coins are so 2018 and it's a tragedy people are still falling for them when there's such a robust financial ecosystem emerging in the space. --- https://imgur.com/A0TAfek <cite>TheMikh posted [p:955182133] in Cryptocurr... [t:79520993]...</cite> <quote>Giblet_Enjoyer posted... </cite> <quote>This is only impressive when you forget that the value of said crypto tends to crash at a moment's notice. Getting 10% more Buttfuckermoonrocketcoin each year doesn't really do you much good when its value drops 92% in the same period of time.</quote> coins aren't defi. defi are financial services running by way of smart contracts on the blockchain. the most popular example would be liquidity pooling. developed as an alternative to the order book, an exchange has liquidity pools with pairs of assets that are being traded (e.g., bitcoin and ethereum), the supply of which is contributed by users. when trades occur, a small commission (~0.3% with the largest decentralized exchanges) is charged and redistributed to the contributors to the pool proportional to their share, basically permitting users to earn interest on the pairs they have exposure to. as a rule, less stable pairs (e.g., ethereum with dollar-pegged coins) offer higher risk and higher interest; more stable pairs (two dollar-pegged coins) offer lower risk and lower interest. furthermore, some exchanges also offer liquidity mining / yield on top of that, where they earn the native token (e.g., bancor, sushi) of the exchange on top of the aforementioned commission, which offers both additional interest, partial insurance against impermanent losses that may be incurred as a result of excessive price divergence in the pool, and voting rights with respect to how the exchange is run. there are also services that optimize and automate the management of these pooled assets, particularly with respect to price range management to optimize capital efficiency, and offer their own payouts to clients in return. there are also lending services accepting crypto as collateral and offering dollar-pegged coin loans at varying interest rates, or allowing users to lend out their crypto and earn interest on it. there are also services - again, all from smart contracts on the blockchain - offering insurance policies for funds. in short, ** coins are so 2018 and it's a tragedy people are still falling for them when there's such a robust financial ecosystem emerging in the space. --- https://imgur.com/A0TAfek</quote> ... Copied to Clipboard!
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